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Lucapa to become a niche diamond company, says Wetherall

Lucapa Diamond believes that it will become the only company in the world with multiple diamond mining operations whose average diamond value is in excess of $1,000 per carat, once the Mothae mine is commissioned this year. Company chief executive and...

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Julien-Vincent Brunie: "Being surrounded by beauty and art is a privilege!"

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05 february 2018

Ali Pastorini: We would like meeting Mujeres Brillantes 2018 to be held in Russia

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Diamond Exchanges promote healthy development of the diamond industry, besides safe and basic infrastructures for diamond trade

Prior to joining the Guangzhou Diamond Exchange, Liang Weizhang served as a civil servant of Guangdong Entry-Exit Inspection & Quarantine Bureau as the director of the Kimberley Process Office. He participated in the KP Review missions to South Africa...

22 january 2018

Lucapa, partners unearth eighth diamond greater than 100ct in Angola

16 november 2017
Lucapa Diamond and its partners Endiama and Rosas & Petalas have recovered an “exceptional” high-value 129.58 carat diamond from the Lulo diamond project in Angola.
The Type IIa D-colour gem, said Lucapa, was recovered was recovered from alluvial Mining Block 6 along with another large high-value diamond weighing 78.61 carats.
“This is the eighth +100 carat diamond the Lulo partners have recovered to date and the seventh in just 2.5 years of commercial mining from relatively low throughout rates,” said company managing director Stephen Wetherall.
“Explosive and erosive geological forces have deposited these very rare and valuable diamonds in a relatively localised area at Lulo. These localised recoveries, and other indicators, point to the huge potential of a large stone primary kimberlite source at Lulo.”
He said the partners would continue to “systematically” advance their efforts to locate the primary diamond source with an ongoing drilling programme funded from the strong returns being generated from the Lulo alluvial mining operations.
“Having started with a list of more than 200 anomalies, the Lulo partners are now working through a list of 70 prioritised drilling targets, systematically eliminating low interest kimberlites,” said Wetherall.
“We continue to assess ways to speed up this systematic drilling and sampling program – an approach we believe provides the best opportunity to unlock Lulo’s true value.”
The eight +100 carat diamonds recovered by the Lulo partners came from three different alluvial mining areas - Mining Blocks 6, 8 and 28 - spanning approximately 6km along the Cacuilo River.
The largest of the +100 carat Lulo diamonds, the 404 carat 4th February Stone, produced the 163 carat flawless gem which forms part of a jewellery piece that was sold in Geneva, Switzerland, this week.
 
Mathew Nyaungwa, Editor in Chief of the African Bureau, Rough&Polished

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